SELLOFF
It had to happen. The Dow ran up on low volume on Friday. I was not impressed by the rally. I had had a great day on Thursday, but my portfolio was up pretty small on that big market rally. As I said before, I closed out a lot of positions on Thursday and Friday. I could see weakness developing. ALTI tanked huge after I sold it. It traded down to about 3 even today. I sold in the 3.80s. (I paid 3.40 for it, but it traded as high as 4.50 intraday earlier in the week. Pretty squirrelly stock.) Had I not liquidated some of those stocks, I would have been tagged a lot harder than I was today.

I ended up buying five stocks today, and one yesterday. One of them, Tweeter Audio (TWTR), decided to go even lower than my bid. The nerve! I got an odd lot partial on one of my bids, 10 shares of LINC at 16.25 out of 200. It ran up after that. What does one do with 10 shares? I'll have to see if I can get an adjustment on the commission.

Needless to say, today's selloff was on weak volume, though volume is more important on rallies. I liked most of my buys today, though. A drop like today's is always cause for concern of course, but usually that's the time to buy. Stocks find their old supports. Some of those supports will fail, and the trick is to get out of those commitments before they get away from you.